Forfeiture of Share Application Money Not Taxable: Capital Nature Exempts from Income Taxation, Supported by Case Law. https://www.taxtmi.com/highlights?id=13476 Addition on account of forfeiture of shares application money - since the amount is capital in nature the same cannot be brought to tax. - AT en-us Thu, 18 Jul 2013 06:57:13 +0530 Thu, 18 Jul 2013 06:57:13 +0530 TaxTMI RSS Generator Forfeiture of Share Application Money Not Taxable: Capital Nature Exempts from Income Taxation, Supported by Case Law. https://www.taxtmi.com/highlights?id=13476 Addition on account of forfeiture of shares application money - since the amount is capital in nature the same cannot be brought to tax. - AT Highlights Income Tax Thu, 18 Jul 2013 06:57:13 +0530 https://www.taxtmi.com/highlights?id=13476